Alts fall, Bitcoin falls ... where is the money going?

[kidsrock]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

many traders is trying to sell their coins because they don't want to be late if the price is getting down more deep and if they can sell now, then they can have bitcoin. although their bitcoin is reduce but at least they can sell their bitcoin to changing into fiat so they can buy bitcoin back if the price is really down.

[joseafonso123az]

 I think that because of the 1st August SegWit activation many people is letting their coins go, and with all the instability around bitcoin after 1st August, bitcoin and altcoins value wil decrease, maybe a lot, but I think when it stabilizes the value will go above he current top value !

[zikabra]

No but when Altcoins dump they are usually sold.

And they can only sell for Bitcoins which should then rise

Altcoins can be sold for money too. But if they are sold for bitcoins and after that bitcoins are sold for money only logical move for bitcoin is to decrease in its value.
By the way, what do you think where money go? Where does your money go when you sell bitcoins for money?

[Schuyler]

There’s definitely some uncertainty being felt right now, which is reflective of the price of not just bitcoin, but alt coins, as well. Some think that it is better to stay in the sidelines and preserve capital than risk losing more if the price continues to plunge.

[DomainMagnate]

Just do not look at red candles. Come back in 3 weeks time to see lots of green ones.

If u re not a speculator, dont trade, just walk away.

That echoes my views.After July, those who are selling will repent their decision.
Not only btc will break all records but top 20 alts will also be on record high.

[7jaka7]

Money is not going anywhere. IMO the hype is over and demand is decreasing a lot. (new people invested as much as they could afford)
So now when demand is lower it is normal that the price is going down.

We can panic when BTC price goes under previous ''bubble'' ATH (1150$ - in 2013). For now it is all just price correction. At least that is what I think.

[btcwonder1]

You must be new to the crypto world. A quick rise, followed by a prolonged downfall is the norm here. I'm not surprised and I'm absolutely positive that Bitcoin and other altcoins will pick up their pace again.

[stompix]

I make a new altcoin, mint 1,000,000 coins  and keep them all myself, I list on an exchange and sell  10 to my friend for $100 each, the market value of my altcoin is now $100m.

Where did all the money come from?

Same as where it is all going when the prices go down, its all in your mind
 

That's why coinmarketcap values coins according to circulating not total supply...

The coin in your example would have a valuation of just $1000 on https://coinmarketcap.com

And that is exactly what he said. He minted those 1 mil coins or put them into circulation. From his wallet to another of his wallets.
And coinmarketcap will take into account all the minted coins or "circulating coins".

They don't do statistics about how many coins are in the wallet of guy that started the shitcoin.

By the way, what do you think where money go? Where does your money go when you sell bitcoins for money?

It's usually whores,cars,drinks and ...you know .

[khan149]

Money is in the money. It is not unusual for the market to be down for a temporary time. It will be all right at a time.

[Labumi]

That is normal maybe this is the red days but as I think maybe a month for the price to be recover and as soon as that will happen many of the people who buy bitcoin or altcoin now will get a benefit at the future but the most important is hold as long you don't need it because I am sure that maybe next week or month the price will pump again.

That's a trading, there will not be anything it is above (green color) for sure one point altcoin or all the things about the economy will be colored red. But it won't be forever, all we can do. Just need time to be able to do it, and if we can not wait can already ascertained will get a lot of losses. Be someone who can always do an analysis and reading of data, so it doesn't matter if there is something to do about the color red or green

[Harlot]

If all cryptocurrency is falling in terms of price then one thing is for sure. All investors and traders are pulling out there money as I don't know the main reason why but I think it relates to the August 1 thing that will happen to Bitcoin in which Bitcoin's future is still uncertain. People are now converting there money to Fiat Currency as it is much more stable compare to other cryptocurrencies. I guess it is an act of preparation on the investor's side that is why they are doing a sell off.

[lexamagic]

I think this is a feature of the crypto currency, for the summer many assets reduce the price and then start to stabilize and grow up. The price can not constantly grow up.

[bajing]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Alts falls because of the holders cashing out their money but bitcoin falls maybe because big traders try to make a trap to get bitcoin cheaply, but you do not have to worry about it because alts and bitcoin prices will rise again.

[ImHash]

Final destination is China in a mansion called "Wu and the sons since 2009" who is more invested in bitcoin other than Chinese and especially miners?
We need to establish some sort of union to deport these pump groups out of crypto land, bitcoin even is not currently in use as it was intended by Satoshi, they're pump and dump on a daily basis and everyone just comes here and avoids talking the truth because they are scared of what I don't know that.

[JimmieA]

In my opinion, it is because people have sold btc to cash. Maybe they are afraid of the change on August 1 that will make the btc price fall sharply and they choose whether to sell the security right now or because they are in need of cash for personal purposes. But for some reason this also has the effect of lowering altcoins and btc prices.

[Basmic]

Final destination is China in a mansion called "Wu and the sons since 2009" who is more invested in bitcoin other than Chinese and especially miners?
We need to establish some sort of union to deport these pump groups out of crypto land, bitcoin even is not currently in use as it was intended by Satoshi, they're pump and dump on a daily basis and everyone just comes here and avoids talking the truth because they are scared of what I don't know that.

You propose to regulate the market for crypto currencies? It contradicts the idea of crypto. If we follow your logic, then tomorrow will be encouraged to block Japan because there are developing stock exchanges and they also buy coins. Then Canada because there are large power mining. This will lead to chaos.

[ankit10]

I also finding the answer of this ridiculous nature of crypto market, I lost almost 300$ because of this altcoins price are dumped.
I think there are two reason behind dump of altcoins, one is 1 st august and second is icos this both are playing high role in dump of altcoins and bitcoin to. We can hope that price will rise again after 1st August

[LodisMcguire]

Altcoin go to bitcoin and bitcoin go to fiat,that's what happen
August 1 is feared by many weak hands,they will not take risk for what will happen later
But for pro,with this red candle going on,it is time to buy coin that will have a big future and make profit in a couple of months

[ImHash]

You propose to regulate the market for crypto currencies? It contradicts the idea of crypto. If we follow your logic, then tomorrow will be encouraged to block Japan because there are developing stock exchanges and they also buy coins. Then Canada because there are large power mining. This will lead to chaos.

I'm proposing what and who is listening that has such power to regulate crypto? all I'm saying is pointed at traders with parkinson poor things can't hold something, they just dump, but the important part of this story is where all of this started?
When Wu announced and threatened to hard fork and split bitcoin = Chinese manipulation = don't sell your coins and let them mine instead and when they see mining is what got them here in the first place, he wants not only to mine all the coins but also wants to mine them faster since he c*ms as soon as he touches a boob he doesn't want to see anything with more stamina and delay even if it's a soul less network
I don't know how many times should I humiliate and insult him

[poplolnman]

Final destination is China in a mansion called "Wu and the sons since 2009" who is more invested in bitcoin other than Chinese and especially miners?
We need to establish some sort of union to deport these pump groups out of crypto land, bitcoin even is not currently in use as it was intended by Satoshi, they're pump and dump on a daily basis and everyone just comes here and avoids talking the truth because they are scared of what I don't know that.

yeah there's no doubt that all the money goes to those people who have bought a lot of bitcoin so cheap in early  2009 or so and still holding it until they decide to sell it gradually a little by little. and recently they might have done a pump systematically , that's what i believe . an early adopter still out there holding tons bitcoin waiting for the right time to execute the market.